Organic Food Preservatives Market Insights:
Preservatives are present in nearly every type of food particularly with the popularity of packaged food products. Commonly used to prolong shelflife in food, beverages, and pharmaceuticals among several others, preservatives are all pervasive in the F&B industry. Thus the demand for organic food preservatives has grown. Organic food preservatives are a superior alternative to regular preservatives as they are primarily nutrient based and safe for consumption. Market Research Future has extensively studied the global organic food preservatives market which has been revealed to be witnessing growth at a significant CAGR. Organic food preservatives can be used across various food applications and added to both raw and cooked food products. Organic preservatives keep food safe for consumption and reduce the risk of bacterial or other microorganism growth, thus driving the global market.
Organic Food Preservatives Market Size was valued at USD 0.5 billion in 2022. The Organic Food Preservatives market industry is projected to grow from USD 0.53 Billion in 2023 to USD 0.87 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.35% during the forecast period (2023 - 2032).
The global food & beverage sector has grown significantly due to the changing lifestyles of consumers which have led to an increased demand for packaged food & beverage items. Consumers are increasingly growing aware and seeking education regarding healthy food options and choices due to the rapidly increasing number of chronic disease occurrences and an increase in obesity. As such, consumers are placing high demands for organic food preservatives while eschewing artificial preservatives. The rapid growth in demand for functional and convenient, healthy foods which are largely natural has boosted the growth of the organic food preservatives market. Moreover, organic food preservatives have nutritional content in addition to prolonging shelf life. Market players are innovatively catering to this demand by increasing product offerings and creating new lines of products which tap into this lucrative market. Product development and R&D activities with regard to organic and healthy food preservatives are expected to reveal opportunities for growth in the coming years.
Key Players:
DuPont Nutrition & Health, Univar Inc., Akzo Nobel N.V., Cargill, Incorporated, Hawkins Watts Limited, Tate & Lyle, and Kemin Industries, Inc.are among the leading market players in the global organic food preservatives market. These players have been analyzed in MRFR's competitive analysis for their innovative growth strategies.
Market Segmentation:
The global Organic Food Preservatives Market Overview in MRFR's report has been segmented on the basis of function, nutrients, application, distribution channel, and region. Functions provided by organic food preservatives include antimicrobials, antioxidants, and others. The antimicrobials segment is expected to witness the highest growth during the forecast period. Nutrients broadly used in the market include minerals, vitamins, phytonutrients, and others. Applications for organic food preservatives can be found in dairy & frozen products, oils & fats, bakery & confectionery, snacks & beverages, meat, poultry & seafood, and others. In bakery products, organic food beverages have a variety of benefits which has led to increased demand for organic food preservatives in this application. Distribution channels include supermarkets & hypermarkets, specialty stores, food processing industries, and nonstore based.
Regional Analysis:
The Asia Pacific accounts for the most significant market share of the global market due to the presence of a growing population which happens to be among the worlds most populous regions. The high demand for food in this region has led to an increase in demand for organic food preservatives. The region has displayed consumer preferences for natural, and healthy products which meet dietary requirements, thus boosting the demand for organic preservatives. North America is another important region in the global market due to the regions significant food and beverage sector which is truly vast and often taps into consumers preferences to which are represented in food trends in the region.
About Market Research Future:
Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.
Our fast-emerging market research firm is armed with an adept research analysts’ team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.
Contact Us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street, 5Th Floor,
New York, New York 10013
United States of America
+1 628 258 0071